Since the beginning of 2019, the registration and licensing sector in the Dubai Economic Department has issued 12,295 electronic establishment contracts and 4894 annexes of electronic establishment contract, including 279 licenses issued through the approval of text messages reaching 6969 customers without the need for economic review. Dubai, or authorized service centers.

According to a statement issued yesterday, the ratification of the incorporation contracts and all its annexes comes electronically at the Dubai Economy and all approved service centers, pursuant to the decree of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, on Federal Law No. (7) of 2018 regarding the amendment of some Provisions of Federal Law No. (2) of 2015 on commercial companies.

Diversity of contracts

According to the statement, the incorporation contracts that were approved electronically varied from January 2019 to yesterday, depending on the activity, led by professional activities by 59% after recording 7310 contracts and commercial by 39% after registering 4779 contracts of electronic, and then tourism Which registered 160 electronic establishment contracts, and industrial (46 electronic establishment contracts).

The report showed that 80% of the establishment contracts for commercial licenses issued electronically through the Dubai economy, while the percentage of annexes to the contracts of 50%, pointing out that «limited liability companies» topped the list of legal form of licenses, where the number of 10 thousand and 39 a company.

The results of the report issued by the Commercial Registration and Licensing Sector showed that 1367 electronic founding contracts and 507 electronic incorporation supplements were issued and approved during September 2019.

Dubai Competitiveness

The Dubai Economic Department confirmed that the figures confirm its strategy to facilitate the movement of business in Dubai, and the continued competitiveness of the emirate and its attractive ability to attract companies and investors interested in sustainable growth, and expand their business in various economic sectors in Dubai.

Business owners and companies can obtain initial approval, book a trade name, establish a contract of incorporation and issue a trade license in one visit through Dubai's accredited economic centers, which have electronic signature devices to issue incorporation contracts and their appendices.

One visit

She explained that the issuance of the establishment contract electronically and in one visit, reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to become the smartest city in the world, as Dubai's economic strategy focuses on facilitating doing business and starting commercial activities. And save time for business customers to complete their dealings smoothly in the Emirate of Dubai.

The Dubai Economic Department stressed that the registration and commercial licensing sector is working to provide the best and smartest services to customers, and facilitate the mechanism of doing business in various fields, in addition to keep abreast of the latest technologies, digital services and global technological development in the UAE, and Dubai in particular.

She pointed out that the Commercial Registration and Licensing Sector recently prepared a guide on the issuance and amendment of the incorporation contracts, containing comprehensive information on the issuance of the incorporation contract and its annexes, and was designed to provide customers with the information they need, to ensure the completion and completion of their transactions and applications and answer their queries and follow them as quickly as possible to meet their needs. .

Forms of incorporation contracts

The Manual of Issuance and Amendment of Incorporation Contracts includes the forms of incorporation contracts issued and ratified by the Dubai Economic Department, and issues annexes in case of amendment, including:

• Service agent contract.

• Contract for the establishment of a limited liability company.

• Contract of incorporation of one person limited liability company.

• Fees for requesting the extension of a contract of amendment

• Documents required by the legal person.

• Text messaging service.

• Request for amendment of a Memorandum of Association (Add / Withdraw a Partner, Change a Trade Name, Add an Activity to the Register, Add / Change / Delete an Activity, Modify the Capital, Change the Name of a Partner / Manager, Change the Nationality of a Partner / Manager, Add / Changing / deleting a manager, changing the quota ratio, changing the legal form from an individual institution to a limited liability company, changing the legal form from an individual institution to a one-person company LLC, and changing a local service agent for the organization).

- Issuing 279 licenses

By approval

On text messages

For 6969.